Goldman Sachs Keeps Their Sell Rating on South Bow Corp (SOBO)
In a report released yesterday, John Mackay from Goldman Sachs maintained a Sell rating on South Bow Corp, with a price target of C$42.00. The company’s shares closed yesterday at C$49.62.
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Mackay covers the Energy sector, focusing on stocks such as LandBridge Company LLC Class A, Venture Global, Inc. Class A, and Enterprise Products Partners. According to TipRanks, Mackay has an average return of 21.4% and a 67.76% success rate on recommended stocks.
South Bow Corp has an analyst consensus of Hold, with a price target consensus of C$47.66, a -3.95% downside from current levels. In a report released on April 30, Wells Fargo also maintained a Sell rating on the stock with a C$37.00 price target.
Based on South Bow Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$416.07 million and a net profit of C$75.74 million. In comparison, last year the company earned a revenue of C$716.55 million and had a net profit of C$88 million
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is neutral on the stock.
Read More on TSE:SOBO:
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- South Bow price target raised to C$49 from C$48 at RBC Capital
- South Bow price target raised to C$47 from C$44 at TD Securities
- South Bow price target raised to $36 from $34 at Scotiabank
- South Bow price target raised to C$49 from C$45 at BMO Capital
- Lloyd Byrne Reiterates Buy on South Bow Corp as Strong Pipeline Performance and Stable EBITDA Support Medium‑Term Cash Flow Visibility
